Paris Haute Couture Face Economic Crisis

The financial woes of designer Christian Lacroix enforced even the world’s most extravagant fashion scene, Paris Haute couture show, to face the economic crisis. It has opened with sober comments and pared-down collection.

Though the catwalks with sequined gowns revealed luxury, but the talk of backstage was of cash-strapped Americans and crisis-hit Lacroix, whose fashion house is under creditor protection and struggling to find a buyer.

“The collections of the 1990s, the 2000s, which were all about spectacle – that’s over,” couturier Stephane Rolland said before his show of soft white, grey and black draped dresses and sharply tailored jackets with pleated collars.